Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC currently broke the ltf downtrend but remains in a htf ascending triangle supported by a htf uptrend as well. Unless we break out of the triangle to the downside I'm still leaning cautiously bullish short term and expect a re-test of the resistance area at the top of the ascending triangle.
A break of that resistance level would mean overall bullish continuation on all timeframes and would propel us above 10k$ A break below however would indicate bears are taking control and we'll most likely see more retracement waves before bulls step back in again.